how soon do i need to apply for social security
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User Tips--FAQ 1 You must be at least 61 years and 9 months old to apply for retirement benefits. 2  If you are already age 62, you may be able to start your benefits in the month you apply. 3  You should apply for benefits no more than four months before the date you want your benefits to start.
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When to apply for Social Security retirement benefits If your birthday is December 15th and you are already over age 62, your first payment should arrive on the third Wednesday of the month following the month in which you apply. (If you're already on Social Security, or receive both Social Security and SSI payments, you may receive them on a different date.)
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Why You Should Collect Social Security Early You're eligible for Social Security as early as age 62, but you suffer a penalty if you start then. You can also delay taking benefits until 70, and then you get a bonus. Tom Sightings. The penalty for taking Social Security early is around 7 percent a year, and the bonus for delaying is also about 7 percent a year.
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Fact Sheets Social Security: When & How to Apply for Benefits. You should apply for Social Security benefits three months before the date you want your benefits to start. You can apply in one of the following ways: Visit your local Social Security office. Call 1-800-772-1213 to find the nearest office.
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How Long Does it Take to Process Social Security Retirement Benefits? November 19, 2010. Social Security recommends applying for retirement benefits three months before you want them to begin, because processing can take two months or longer. In most cases, you can apply as early as four months in advance. Retirement payments arrive one month after the qualifying month, so you'll receive the deposit for a June start date in July. Social Security approves your application 30 to 60 days before it makes the first payment.
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If I apply for Social Security benefits in the month when I turn full retirement age, when can I expect to receive my first check? If I apply for Social Security benefits in the month when I turn full retirement age, when can I expect to receive my first check? En español | Once you have applied, it could take up to three months to receive your first check.
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When to Apply for Social Security Benefits Can I apply before I reach my birthday? A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.
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Tips on Filing for Social Security Benefits When You Should File for Medicare. If you are eligible for Social Security benefits, then at age 65 you are also eligible for Medicare. You should apply for Medicare three months before your 65th birthday, so as not to delay coverage. This is true even if you do not plan on filing for retirement benefits right away.
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When to apply for Social Security retirement benefits By Investopedia AAA |. A: Applications for Social Security benefits can only be processed a maximum of four months before benefits are scheduled to begin. Thus, the earliest you can apply is age 61 and 9 months, and you can expect to receive your first payment four months later, the month after your birthday.However, benefit payments come after each full month of eligibility.hus, the earliest you can apply is age 61 and 9 months, and you can expect to receive your first payment four months later, the month after your birthday. However, benefit payments come after each full month of eligibility.
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Benefits Planner: Retirement You can start your Social Security retirement benefits as early as age 62, but the benefit amount you receive will be less than your full retirement benefit amount. If you start your benefits early, they will be reduced based on the number of months you receive benefits before you reach your full retirement age.
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- When you apply for Social Security benefits you should not apply any sooner than 4 months prior to when you want your retirement benefits to begin.If you are planning to retire at the age of 62, you cannot apply for benefits before you are the age of 61 years and 9 months old.If you are not planning to retire, but have reached the age of 65, you should apply for your Medicare benefits immediately.hen you apply for Social Security benefits you should not apply any sooner than 4 months prior to when you want your retirement benefits to begin.
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How Long Does it Take to Process Social Security Retirement Benefits? How to Apply. You can apply for your Social Security retirement benefits in one of three ways. You can complete an application online, over the phone or in person by visiting your local Social Security office. The Social Security Administration estimates that it will take approximately 15 minutes to complete an application using your computer.
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Frequently Asked Questions about Applying for Social Security Benefits Applying for Social Security benefits (benefits are not paid automatically) involves some work on your part. You must fill out some forms and provide certain documentation such as your birth certificate, Social Security card, etc. You should apply four months before you want to being receiving your benefits.
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Benefits Planner: Retirement You can start your Social Security retirement benefits as early as age 62 or as late as age 70. Your monthly benefit amount will be different depending on the age you start receiving it.
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How do I apply for Social Security retirement benefits? How do I apply for Social Security retirement benefits? You should apply for retirement benefits three months before you want your payments to start. The easiest and most convenient way to apply for retirement benefits is by using our online application. Apply for Retirement Benefits. We may need to see certain documents in order to pay benefits.
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Benefits Planner: Retirement Caution: If you apply for benefits more than 6 months after the month you reach full retirement age, we can only pay benefits for the previous 6 months. There is no additional benefit increase after you reach age 70, even if you continue to delay taking benefits. Note: Social Security benefits are paid the month after they are due. If you tell us you want your benefits to start in May, you will receive your first benefit check in June.
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- 1 You must be at least 61 years and 9 months old to apply for retirement benefits. 2  If you are already age 62, you may be able to start your benefits in the month you apply. 3  You should apply for benefits no more than four months before the date you want your benefits to start.f you do not live in the U.S. or one of its territories you can also-Contact the nearest U.S. Social Security office, U.S. Embassy or consulate. Reminders: 1  You must be at least 61 years and 9 months old to apply for retirement benefits.
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When to apply for Social Security retirement benefits Note that receiving Social Security at age 62, the earliest age at which you can receive benefits, means that you will receive a reduced payment compared to waiting for full retirement age, or even longer, until age 70 to begin.
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Can You Delay Starting Social Security Benefits on a Month-to-month Basis? When you apply for Social Security after age 62, you can designate the month you want benefits to begin from the current month up to four months in the future. Social Security benefits are paid in the month after they are earned, so if you elect to start your retirement benefits for the current month, the first check will arrive next month. As a result, you can delay applying for Social Security on a month-to-month basis until the month before you want to get your first payment. Retroactive Benefits If you delay the start of receiving Social Security after your full retirement age, you can elect to receive up to six months of back payments.
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The Most Popular Ages to Sign Up for Social Security You can sign up for Social Security at any time after age 62. However, your monthly payments will be larger for each month you delay claiming them up until age 70. Here is when most people start receiving Social Security payments, and how signing up at each age impacts your payout. Age 62.
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- Tips & Warnings. 1  If you are only a few months from turning 65, you don't need to wait until the exact date of your 65th birthday to apply for Medicare. 2  Your initial enrollment period begins three months before you turn 65, so you can apply up to three months before your birthday.f You Currently Receive Social Security Benefits. Wait for your automatic enrollment. If you are 65 and already receiving Social Security benefits, your application process is easy--you don't need to do anything and you will be automatically enrolled in Medicare.
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How to Qualify for Social Security Benefits Retirement: To claim your social security retirement benefits, you have to be fully insured and reach full retirement age, which varies from 65 (for those born before 1938) to 67 (for those born after 1960). You may receive reduced benefits before full retirement age or increased benefits if you defer receipt past retirement age.
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Wikipedia:Reference desk archive/Humanities/April 2006 At that point, you will receive 100% of your benefit. Following the recommendation on the Social Security website, you file online three months before you want your benefit to start, that is, on or before May 10th. Again, no matter what the actual “date” of your birth is, your benefit can begin in August.
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When to Apply for Social Security Benefits Can I apply before I reach my birthday? A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.an I apply before I reach my birthday? A. You can. Social Security will accept your application for early benefits when you're 61 years 9 months. Regardless of how old you are, the agency generally recommends that you apply three months before you would like the first payment to arrive.
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- IMPORTANT NOTE: All retirees should contact the Social Security Administration to determine their eligibility for social security benefits three months before retirement or three months before age 65, whichever comes first.